Pantera Capital to Raise $1.25 Billion for Solana Treasury Firm

Crypto investment firm Pantera Capital is planning a major fundraising initiative of up to $1.25 billion to establish a dedicated Solana treasury vehicle. The proposed venture, dubbed ‘Solana Co.’ will use this funding to amass substantial amounts of SOL tokens as part of its treasury holdings. This plan follows Pantera’s recent investments in various digital asset treasury (DAT) firms across diverse blockchain ecosystems. The fundraising involves both an initial $500 million and a subsequent $750 million raise via warrants, according to reports by The Information.